James Company Had Checks Outstanding Totaling $32,400 on Its June

question 11

Multiple Choice

James Company had checks outstanding totaling $32,400 on its June bank reconciliation.In July, James Company issued checks totaling $233,400.The July bank statement shows that $157,800 in checks cleared the bank in July.A check from one of James Company's customers in the amount of $1,800 was also returned marked "NSF." The amount of outstanding checks on James Company's July bank reconciliation should be

• A)$75,600.
• B)$108,000.
• C)$106,200.
• D)$43,200.

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Definitions:

Transparency

The practice of being open, honest, and straightforward about company operations, allowing stakeholders to have a clear view of the firm's activities.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people within organizational settings.

Organizational Norms

Shared expectations and standards that guide behavior and interactions within an organization.

Adherence

The act of following or being in compliance with rules, guidelines, or instructions.